American Outdoor Brands (NASDAQ:AOUT) Stock Rating Lowered by Zacks Research

American Outdoor Brands (NASDAQ:AOUT) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

AOUT has been the subject of several other reports. Wall Street Zen upgraded American Outdoor Brands from a “buy” rating to a “strong-buy” rating in a research report on Sunday, October 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of American Outdoor Brands in a research note on Monday, September 21st. Lake Street Capital reissued a “buy” rating and set a $16.00 target price on shares of American Outdoor Brands in a research note on Friday, September 4th. Roth Capital restated a “buy” rating and issued a $17.00 price target (up from $13.50) on shares of American Outdoor Brands in a report on Friday, September 4th. Finally, LADENBURG THALM/SH SH started coverage on shares of American Outdoor Brands in a research note on Tuesday, October 13th. They issued a “buy” rating and a $22.00 price target on the stock. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Outdoor Brands presently has a consensus rating of “Hold” and an average target price of $18.33.

American Outdoor Brands Stock Performance

Shares of NASDAQ AOUT opened at $17.92 on Tuesday. American Outdoor Brands has a fifty-two week low of $6.26 and a fifty-two week high of $19.50. The company has a market cap of $226.15 million, a price-to-earnings ratio of -57.81 and a beta of 0.17. The business’s 50 day moving average price is $15.88 and its 200-day moving average price is $11.66.

American Outdoor Brands (NASDAQ:AOUT) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.27. The company had revenue of $37.25 million during the quarter, compared to analysts’ expectations of $35.64 million. American Outdoor Brands had a positive return on equity of 2.88% and a negative net margin of 1.97%. Sell-side analysts predict that American Outdoor Brands will post 0.47 earnings per share for the current year.

Hedge Funds Weigh In On American Outdoor Brands

Several institutional investors have recently bought and sold shares of AOUT. BlackRock Inc. bought a new position in American Outdoor Brands in the second quarter worth approximately $3,270,000. Gamco Investors INC. ET AL lifted its holdings in American Outdoor Brands by 1.6% during the first quarter. Gamco Investors INC. ET AL now owns 314,813 shares of the company’s stock worth $2,940,000 after buying an additional 5,000 shares during the period. Ancora Advisors LLC purchased a new stake in American Outdoor Brands during the second quarter worth $1,043,000. Susquehanna International Group LLP boosted its position in American Outdoor Brands by 357.0% during the 2nd quarter. Susquehanna International Group LLP now owns 74,844 shares of the company’s stock valued at $879,000 after acquiring an additional 58,466 shares in the last quarter. Finally, State of Wyoming boosted its position in American Outdoor Brands by 41.5% during the 3rd quarter. State of Wyoming now owns 32,993 shares of the company’s stock valued at $534,000 after acquiring an additional 9,679 shares in the last quarter. 49.87% of the stock is owned by hedge funds and other institutional investors.

About American Outdoor Brands

American Outdoor Brands, Inc (NASDAQ:AOUT) develops and sells products for shooting, hunting, fishing, camping, outdoor recreation, and outdoor cooking. Its portfolio includes shooting accessories, firearm maintenance and storage products, hunting tools, knives, fishing equipment, camping gear, grills, and related outdoor products.

The company markets its products under a collection of brands, including Caldwell, Frankford Arsenal, Hooyman, BOG, Schrade, Old Timer, Tipton, Grilla Grills, and MEAT!, among others.